Buying a new house, whether you are a first-time buyer or you already own your own home, can often involve a process that many people do not fully understand. What role does an estate agent play when helping you buy a property?
1. Working for the seller
Estate agents represent the seller, not the buyer. Remember this when offering information, such as your income or thoughts on maximum price, in case they use this to the seller’s advantage later.
2. Providing Information
While they may work for the seller, estate agents can still give you a bit of background on the seller and the property. You might want to ask them whether there is anything negative you should know about the property – bad neighbours, regional crime rates – and whether the house has been on the market for long or they are looking to sell quickly.